1520 Ogden Ave · Superior, WI 54880

$90,000

2 bd · 1.0 ba · 748 sqft · SingleFamily · 16 Days on market

Built 1927 3,485 sqft lot Est $141k · 36% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable homeownership opportunity close to downtown of Superior and next to the library! This charming bungalow offers character, comfort, and value — all at a price point that’s becoming incredibly hard to find. Why rent when you could own your own home, yard, and 2-car garage for a smaller monthly payment? Over the past 3 years, the home has seen numerous updates including a new roof and furnace in 2022, fresh exterior and interior paint, updated appliances, and a new toilet. While the home could use a little TLC throughout, it presents a fantastic opportunity for easy sweat equity and the chance to make it your own over time. Outside, enjoy the cute backyard perfect for pets, gardening, bonfires, or relaxing summer evenings in a peaceful neighborhood setting. Whether you’re searching for your first home, downsizing, or looking for a solid rental investment, this cozy bungalow is full of charm, potential, and affordability.

Key facts

• Updated appliances
• Cute backyard
• New toilet

Tags

• UPDATES INCLUDING A NEW ROOF
• UPDATED APPLIANCES
• NEW TOILET
• CUTE BACKYARD
• PEACEFUL NEIGHBORHOOD SETTING

Property features AI

Finance

• Financial info: Total taxes: $1,070.61 (Tax year 2025)

Exterior

• Parking: Detached or attached 2-car garage; 2 garage parking spaces
• Utilities: Utilities not specified
• Home design: Single-family, 1-story home; Facing direction not specified; Entry level on main floor
• Construction: Built year not specified
• Exterior features: Level lot

Interior

• Bedrooms: Bedrooms 2 and 3 located on the main level
• Bathrooms: 1 full bathroom
• Interior features: Living room on the main level; Kitchen on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $510 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $89k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 4.6% in Superior — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#21 in WI, #337 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• Superior School District (suburban): math 23% / reading 34% proficiency, ranked #290 of 342 in WI (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Northern Lights Elementary (math 18% / reading 24%, grade F, #857 of 1,041 statewide, top 83%, 491 students, 68% FRL); Superior Middle (math 18% / reading 32%, grade F, #315 of 383 statewide, top 82%, 903 students, 51% FRL); Superior High (math 22% / reading 44%, grade F, #182 of 483 statewide, top 38%, 1,306 students, 42% FRL).
• Market conditions: Rents rising (+2.8%/yr); 168 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 110 units permitted in Douglas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Douglas County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 2.8% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $70k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $88,650 (1.5% below list)

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.56% ✓
• Cap rate: 13.09%
• Cash-on-cash: 24.27%
• DSCR: 2.08
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $141,372
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1216 Hughitt Ave	0.30mi	2/1.0	750 (+0%)	4mo	$112,500	$150	83
1111 Broadway St	0.61mi	2/1.0	756 (+1%)	13mo	$185,000	$245	59
1519 Clough Ave	0.52mi	2/1.0	796 (+6%)	12mo	$150,000	$188	55
914 Winter St	0.74mi	2/1.0	820 (+10%)	14mo	$154,900	$189	38
1121 Broadway St	0.60mi	2/1.0	640 (-14%)	16mo	$130,000	$203	35
1108 N 8th St	0.74mi	1/1.0 (-1)	660 (-12%)	10mo	$108,000	$164	33
2318 Hughitt Ave	0.68mi	2/1.5	852 (+14%)	21mo	$170,000	$200	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.76% rent growth · sell at horizon

5-year hold

• IRR: 17.3%
• Equity multiple: 1.70×
• Total profit: $17,546
• Equity at exit: $13,419

10-year hold

• IRR: 25.6%
• Equity multiple: 3.21×
• Total profit: $55,726
• Equity at exit: $7,782

Cash invested: $25,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Wisconsin: 73 Landlord-Friendly · R+2
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; Madison / Milwaukee have some local enforcement.

Methodology + full state rankings →

ZIP-level market 54880

• Rents YoY: 2.8%
• Active inventory: 168
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,403 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$89 /mo · $1,071/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $510

Break-even live

Break-even rent $758

Max offer price $90,000

Occupancy floor 59%

Sensitivity live

Price	-10% $561	-5% $535	+0% $510	+5% $484	+10% $459
Rent	-10% $399	-5% $454	+0% $510	+5% $565	+10% $621
Rate	-1.0pp $555	-0.5pp $533	base $510	+0.5pp $486	+1.0pp $463

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2009 1/2 Hughitt Ave Superior, WI	2.0	1.0	713	$1,125	$1.58	45d	1	0.41mi
110 E 2nd St Superior, WI	1.0–2.0	1.0–2.0	778	$2,300	$2.95	14d	8	1.47mi

Listing history 11 events

1. 2026-06-02
   statuslisting id $90,000 Pending 16 DOM
2. 2026-06-01
   days on market $90,000 Active 16 DOM
3. 2026-05-31
   days on market $90,000 Active 15 DOM
4. 2026-05-30
   days on market $90,000 Active 14 DOM
5. 2026-05-16
   listed $90,000 Active 960-char remark

   Show marketing remark (960 chars)

   Affordable homeownership opportunity close to downtown of Superior and next to the library! This charming bungalow offers character, comfort, and value — all at a price point that’s becoming incredibly hard to find. Why rent when you could own your own home, yard, and 2-car garage for a smaller monthly payment? Over the past 3 years, the home has seen numerous updates including a new roof and furnace in 2022, fresh exterior and interior paint, updated appliances, and a new toilet. While the home could use a little TLC throughout, it presents a fantastic opportunity for easy sweat equity and the chance to make it your own over time. Outside, enjoy the cute backyard perfect for pets, gardening, bonfires, or relaxing summer evenings in a peaceful neighborhood setting. Whether you’re searching for your first home, downsizing, or looking for a solid rental investment, this cozy bungalow is full of charm, potential, and affordability.

6. 2026-05-16
   listed $90,000 Active 960-char remark

   Show marketing remark (960 chars)

   Affordable homeownership opportunity close to downtown of Superior and next to the library! This charming bungalow offers character, comfort, and value — all at a price point that’s becoming incredibly hard to find. Why rent when you could own your own home, yard, and 2-car garage for a smaller monthly payment? Over the past 3 years, the home has seen numerous updates including a new roof and furnace in 2022, fresh exterior and interior paint, updated appliances, and a new toilet. While the home could use a little TLC throughout, it presents a fantastic opportunity for easy sweat equity and the chance to make it your own over time. Outside, enjoy the cute backyard perfect for pets, gardening, bonfires, or relaxing summer evenings in a peaceful neighborhood setting. Whether you’re searching for your first home, downsizing, or looking for a solid rental investment, this cozy bungalow is full of charm, potential, and affordability.

7. 2022-05-20
   soldstatus $70,000
8. 2022-05-18
   soldstatus $70,000 564-char remark

   Show marketing remark (564 chars)

   Tons of potential can be found in this 2 bed 1 bath one level home. Enter into the enclosed front porch (an excellent spot for shoes and coats) into a spacious living room (hardwood floors under the rug). Continue straight ahead to eat-in kitchen followed by the back mud room/laundry room. There are also two good sized bedrooms and a bathroom that was redone in 2017. This home also has a decent yard with a 1+ car detached garage! This house may be small, but there is so much potential to make it yours! * * Vacant photos are from before the tenant moved in.

9. 2022-01-17
   listed $79,900 564-char remark

   Show marketing remark (564 chars)

   Tons of potential can be found in this 2 bed 1 bath one level home. Enter into the enclosed front porch (an excellent spot for shoes and coats) into a spacious living room (hardwood floors under the rug). Continue straight ahead to eat-in kitchen followed by the back mud room/laundry room. There are also two good sized bedrooms and a bathroom that was redone in 2017. This home also has a decent yard with a 1+ car detached garage! This house may be small, but there is so much potential to make it yours! * * Vacant photos are from before the tenant moved in.

10. 2005-08-31
    soldstatus $19,900
11. 2005-08-26
    soldstatus $19,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WI · Partial reset (capped growth)

• Current annual tax: $1,071 · $89/mo
• Projected year-2 tax: $1,368 · $114/mo
• Expected delta: +$297/yr (+$25/mo · 27.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥92°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,836
• − Mortgage interest: −$5,041
• − Property taxes: −$1,071
• − Insurance: −$450
• − Repairs & maintenance: −$1,347
• − Management: −$1,347
• − Depreciation: −$2,618
• Taxable income: $4,962
• Est. tax owed @ 24.0%: −$1,191
• After-tax cash flow: $4,925/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Superior School District
• NCES district ID: 5514670
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 34% ▼ -4.00%
• Median HH income: $43,659
• Composite: 24.31/100
• National rank: #7711
• State rank: #290 of 342 in WI

Livability — Superior

• Score: 86/100
• State rank: #21
• US rank: #337

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime C+ Employment C Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Superior, WI
• County: Douglas County · 30,312 people
• City population: 30,312
• Metro: Duluth, MN-WI
• Population (ZIP): 30,312
• Household income: $68,275
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1018.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 42,505 people
• By 2030: 41,269 · -2.9%
• By 2040: 37,829 · -11.0%
• By 2050: 34,043 · -19.9%
• By 2075: 25,892 · -39.1%
• By 2100: 19,487 · -54.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 2% Black 1% Asian 1% Native American 1%
• Common ancestry: Portuguese 10% Romanian 9% Lithuanian 4%
• Foreign-born: 2% · China, Vietnam
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Douglas

• 2024 margin: Lean D (+5.3) · D 52.0% · R 46.6% · Other 1.4%
• 2008→2024 swing: -27.9pp toward R · 2008: 33.2pp · 2024: 5.3pp
• All cycles: 2024: D+5.3 2020: D+9.3 2016: D+7.6 2012: D+31.3 2008: D+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -167.80%
• Current HPI: 226.557
• Rent YoY: ▲ 2.76%
• Metro: Duluth, MN-WI
• State GDP YoY: ▲ 2.10%
• F500 in state: 20

Industry mix (Fortune 500 HQ in WI)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$23B
▸Industrial Technology	2	$36B
▸Insurance	1	$36B
▸Professional Services	1	$19B
▸Utilities	1	$9B
▸Consumer Goods	1	$3B

Price history

+352.3% since first listed

7 events — show timeline

• 2026-05-16 Listed $90,000 LSAR
• 2026-05-16 Listed $90,000 SAAR
• 2022-05-20 Sold (Public Records) $70,000 Public Records
• 2022-05-18 Sold (MLS) $70,000 LSAR
• 2022-01-17 Listed $79,900 LSAR
• 2005-08-31 Sold (Public Records) $19,900 Public Records
• 2005-08-26 Sold (MLS) $19,900 SAAR

Property tax history

+7.1%/yr

Latest (2025): $1,071 · +1.9% YoY. Source: county tax records.